Examples of Required Engineering Work in a sentence
Risk and RecommendationFailure to provide the Mayor with a report of write offs processed during the financial year represents a breach of the Financial Regulations.
In the event that all sums in the Engineering Escrow Account have been utilized for the Required Engineering Work and no sums remain on deposit in the Engineering Escrow Account, Lender shall, upon receipt of written request of Borrower, transfer up to the $500,000 from the Capex Trap Escrow Account to the Engineering Escrow Account.
In addition, on the date hereof, the Central Account shall also contain (x) a Sub-Account entitled the “Engineering Escrow Sub Account”, which shall be funded by Mortgagor at Closing with the Initial Engineering Deposit set forth on Exhibit B attached hereto (representing the sum applicable to the Required Engineering Work described in Section 5.12 below and on Exhibit D attached hereto.
Loss Recovery: Net Cash Flow Certified By: Name: Title: Management Company: EXHIBIT D Required Engineering Work NONE EXHIBIT E Intentionally Omitted.
Should an Event of Default occur, the sums on deposit in the Engineering Escrow Account may be applied by Lender in payment of any Required Engineering Work or may be applied to the payment of the Debt or any other charges affecting all or any portion of the Property as Lender in its sole discretion may determine; provided, however, that no such application shall be deemed to have been made by operation of law or otherwise until actually made by Lender as herein provided.
In addition, on the date hereof the Central Account shall also contain a Sub-Account entitled the "Engineering Escrow Sub-Account" which initially shall be funded with the Initial Engineering Deposit (representing sums applicable to certain engineering work as set forth on EXHIBIT D, attached hereto and made a part hereof (collectively, "Required Engineering Work")).
Signature /s/ Xxxxxx Xxxxxxx (seal) EXHIBIT A Legal Description of Premises EXHIBIT B SUMMARY OF RESERVES Monthly Installment Reserve Items Initial Deposit Amount Amount Basic Carrying Costs • Taxes $0 $48,500 • Insurance Premiums $0 $TBD • Ground Rents $0 $TBD Initial Engineering Deposits Not Applicable • Immediate Repairs $0 • Environmental Remediation $0 Recurring Replacement Reserve Monthly Installment Not Applicable $70,983.36 EXHIBIT C EXHIBIT D Required Engineering Work None.
In addition, on the date hereof the Central Account shall also contain a Sub-Account entitled the "Engineering Escrow Sub-Account" which initially shall be funded with the Initial Engineering Deposit (representing the sum applicable to certain engineering work as set forth on Exhibit D, attached hereto and made a part hereof (collectively, "Required Engineering Work")).
Required Engineering Work See Cross-collateralization Agreement between Grantor and Lender of even date herewith.
Loss Recovery: Net Cash Flow Certified By: Name: Title: Management Company: EXHIBIT D Required Engineering Work EXHIBIT E Intentionally Omitted.